Why does the world’s second-largest economy still borrow so much from the leading global development institution?
The controversy sparked by the World Bank’s admission that one of its key reports had been manipulated in China’s favor has brought an enduring question back into focus: Why does the world’s second-largest economy still borrow so much from the leading global development institution?
The Washington, D.C.-based World Bank last month abruptly canceled its flagship 'Doing Business’ report, an annual ranking of countries based on how favorable their environment is for business. The announc
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.